BANKING AFFAIRS

Detailed explanation-1: -Notes: Credit cards are sometimes considered smart money as they enable transactions without the need for physical cash and are also a convenient method. It is plastic money that is used to pay for products and services in over 20 million locations across the world.

Detailed explanation-2: -Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success.

Detailed explanation-3: -The Smart Money Account can be downloaded and activated using the Smart Mobile Phone. The Account Holder is then required to completely fill-out and sign an application form and return the same to Banco de Oro, through Smart and must load the minimum Philippine Peso amount (“Peso Value”), as may be required.